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Quiz –

Are you ready to sell your business?


1st November 2021


Selling a business can be a hugely rewarding experience. However, without a business exit strategy, the right preparation, support and advice, it can become overwhelming. If you are considering taking the leap, take our online quiz to discover if the time is right for you.

So how do you know if you’re really ready to take the next step?

Take our seven-question quiz to find out if your dream future is achievable.

1. Do you know why you want to sell?
2. Are your records up-to-date? This includes financials, tax statements, HR, legal and customer records as well as forecasts.
3. Do you have the time and the physical and mental capacity to manage a sale right now?
4. Do you know what type of exit you are looking for? Partial exit, MBO, transfer of equity, fully cut the cord?
5. Do you know what your buyer is looking for? Diversification, access to a client base, access to a new income line?
6. Do you know how you plan to spend your time post-exit?
7. Do you have a clear idea of company value?

You are...

Mostly As

It sounds as though you are well prepared for a sale and may have even found a buyer. Having the right support network in place to guide you through the sale, to support you mentally, physically, and emotionally, and help you prepare for the future is key. Make sure you have people around you that you trust, you can confide in and are supporting your agenda.

Many entrepreneurs focus on the sale of the business and, despite good intentions, neglect to take care of their personal finances. By seeking advice early, we can help you structure your finances in a tax efficient manner, aligned to your goals.

You are...

Mostly Bs

You may be at the beginning of the exit process, thinking about how you can put your best foot forward to appeal to buyers. Preparing a business for sale, while continuing to run it and maintaining family and social connections can become overwhelming. It is important to have the right support network in place to help you make the difficult decisions, and to offer guidance and support.

You will need an accountant, solicitor, and a personal financial adviser. Depending on your business and the complexities, you may also benefit from a tax adviser and a broker or corporate finance house. We can help you find the right team to support you through your business sale and beyond.

You are...

Mostly Cs

You might not be thinking about a sale right now, but it is worth considering just how long a sale can take. Record keeping is vital to understand how your business is performing, identifying trends and understanding the value you can offer a buyer.

If you are considering a potential sale within the next three years, let our team help you plan so that when the time comes you are as prepared as you can be.

You are...

A bit of everything

It sounds like some aspects of your business exit strategy are fully formed, while others need further thought. Getting the right team around you as you consider a business exit can be a valuable first step. Seeking advice will help you identify any gaps in your plan and how to fill them.

If you are considering a sale within the next three years and you would like to understand how to develop your plans, our team is here to help.


Exiting your business

Entrepreneurship is a rollercoaster ride. From start up through nurture, scale up and eventual exit, there are thrills and spills along the way, but with the right strategy in place, selling your business can be a hugely rewarding experience.


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